CBSE 2022 · Region 3 · Set 1 · Q11

From the following information, prepare a Common Size Statement of Profit and Loss' ofK K Ltd. for the year ended $\displaystyle 31.3.2021$ and $\displaystyle 31.3.2022$ : $\displaystyle 2021$-$\displaystyle 2022$ $\displaystyle 2020$-$\displaystyle 2021$ Particulars Amount Amount $\displaystyle 2$ $\displaystyle 1$ Revenue from operations $\displaystyle 20,00,000$ $\displaystyle 15,00,000$ Other Income $\displaystyle 2,00,000$ $\displaystyle 1,50,000$ Expenses $\displaystyle 4,00,000$ $\displaystyle 3,00,000$ Tax Rate $\displaystyle 50$%

OR

From the following Balance Sheet of J.J. Ltd. prepare a Comparative Balance Sheet as at $\displaystyle 31.3.2022$ : J.J. Ltd. Balance Sheet as at $\displaystyle 31.3.2022$ $\displaystyle 31.3.2022$ $\displaystyle 31.3.2021$ Partieulars Note No. (z) (z) I. EQUITY AND LIABILITIES : 1. Shareholders Funds : (a) Equity Share Capital $\displaystyle 25,00,000$ $\displaystyle 20,00,000$ (b) Reserves and Surplus $\displaystyle 5,00,000$ $\displaystyle 4,00,000$ 2. NonCurrent Liabilities : Longterm borrowings $\displaystyle 10,00,000$ $\displaystyle 10,00,000$ 3. Current Liabilities : Trade Payables $\displaystyle 2,00,000$ $\displaystyle 1,00,000$ Total : $\displaystyle 42,00,000$ $\displaystyle 35,00,000$ II. ASSETS : 1. NonCurrent Assets : Fixed Assets $\displaystyle 30,00,000$ $\displaystyle 25,00,000$ 2. Current Assets : Inventories $\displaystyle 12,00,000$ $\displaystyle 10,00,000$ Total : $\displaystyle 42,00,000$ $\displaystyle 35,00,000$